Unilever is a British-Dutch multinational, with headquarters in Rotterdam and London. Founded in 1929, the company has a wide portfolio of consumer goods ranging from food, home, beauty and personal care products. Listed on both the London and New York stock exchanges, it has operations in multiple jurisdictions.
The 2020 pandemic and the challenges it has posed to businesses make synergised thinking between company departments essential. One of the key takeaways of J.P. Morgan and EuroFinance’s latest Digital Transformation of Treasury report is that the crisis has highlighted Treasury’s strategic importance to organisations – particularly its roles in liquidity and risk management. Over half of treasuries (56%) are now involved in their companies’ strategic shifts or changes in business model from the outset. Unilever is no different.
J.P. Morgan proposed enhancing Unilever’s Treasury functions with our Insight API solution. As an early adopter, Unilever was keen to try digital technology. APIs provide on-demand banking data and services access on a client’s chosen platform, providing agility and adaptability to meet evolving strategic requirements. Installed via Microsoft® Excel®, J.P Morgan’s solution:
I really like the Excel element of J.P. Morgan’s solution, because it's quick to install – just 10 days end-to-end – and I’m confident it's showing the right information. I also want to mention the great support given by the J.P. Morgan team. I really think that stands out.
It has been an excellent experience working with Gerard at Unilever, implementing our Insight API solution without the involvement of IT or Technology teams. As an early adopter Unilever are always keen to try new digital solutions. Implementation was very low touch, smooth and quick.
To learn more about how we can support your business, please contact your J.P. Morgan representative.
Kongsberg Automotive won the Harnessing the Power of Technology Adam Smith Award for their innovative cash management solution.